Grantee:, FL Grant: B-11-UN-12-0014 January 1, 2013 thru March 31, 2013 Performance Report 1
Grant Number: B-11-UN-12-0014 Grantee Name:, FL Grant Amount: $5,185,778.00 Estimated PI/RL Funds: Obligation Date: Contract End Date: Grant Status: Active Award Date: Review by HUD: Original - In Progress QPR Contact: No QPR Contact Found Budget: $5,185,778.00 Disasters: Declaration Number NSP Narratives Summary of Distribution and Uses of NSP Funds: The data source used was provided by the Department of Housing and Urban Development (HUD). HUD has given a score to every census tract in the country, with 20 being those most in need and 1 being the least. Scoring was based on subprime loans between 2004-2007; the increase in the unemployment rate between March 2005 and March 2010 using the Bureau of Labor Standards Local Area Unemployment Statistics; the fall in home value using the Federal Housing Finance Agency Home Price Index; the number of foreclosure starts between January 2007 and March 2010; the number of foreclosure completions between January 2007 and June 2010; and the number of vacant homes using data from the U.S. Postal Service. Additional data was obtained by the Clerk of the Circuit Court, the Federal Emergency Management Agency and Multiple Listing Service. looked at the information HUD developed through the NSP mapping tool. We limited our investigation to areas that scored "20", which HUD has determined is the areas of greatest need. We also looked at the areas that were not located in the flood zone, which hampers rehabilitation efforts, and that has not seen as much activity from NSP1 and NSP2. The area chosen has been named the Greater Elfers neighborhood. Elfers is one of the oldest areas in the western Pasco area. New Port Richey is the second tier neighborhood. The application for funding and target area map can be found at: http://portal.pascocountyfl.net/portal/server.pt/community/community_development/227/home_page How Fund Use Addresses Market Conditions: The Greater Elfers Neighborhood was first settled in 1870s, and is one of the oldest communities on the west coast of Florida. In 1913 a rail depot was established and the area began to flourish. The area was the central point for orange growers and a packing house was established. From 1925-1933 the area was incorporated as the City of Elfers. During World War II, men from across the United States were exposed to Florida because of the large number of training facilities and hospitals located in the Sunshine State. Many acres of orange groves in west Pasco were converted to retirement communities. Greater Elfers was no different. Subdivisions such as Colonial Manor and Sunshine Park were developed in the 1960s, and Colonial Hills, Virginia City, and Holiday Garden Estates were developed in the 1970s. These homes remained predominately senior in housing, but that began to change in the 1980s and 1990s. As Pinellas County to the south became unaffordable, young families began to migrate to to live. More than half the working population of Greater Elfers leaves the County every day for employment. During the housing boom of the 2000s, house prices increased 50-100%. When the bust occurred, hundreds of homes were foreclosed, and there are hundreds more in various stages of foreclosure now. Investors are swooping into the neighborhood and converting homes that were always inhabitated by homeowners into rental property. While rental properties are important and necessary, too much rental in a singlefamily neighborhood can lead to an area that is destabilized by transient populations. However, there are signs that the market has bottomed out and is beginning to stabilize. Greater Elfers, with a location closer to the work centers of Pinellas than other parts of Pasco, will see its home values stabilize earlier than other parts of Pasco. Ensuring Continued Affordability: To ensure affordability, all NSP3 funds shall be recaptured. Additionally, will at time of re-sale, recapture the amount of equity that is not initially mortgaged by the lender and the County at the time of initial sale, if any funds are available. 2
Definition of Blighted Structure: Blighted structure means a deteriorated or deteriorating structure, which endangers life or property by fire or other causes, unsanitary or unsafe condition(s), or deterioration of the site and its improvements, which conditions(s) impair or arrest the sound growth of the County or are a menance to the public health, safety, morals or welfare. Definition of Affordable Rents: Not applicable - will not spend any of its NSP3 funds for rental housing. The neighborhood being assisted by these funds has been targeted by investors who have made this neighborhood, which is predominately single-family, a rental community, destabilizing the neighborhood. NSP1 and NSP2 funds are paying for rental housing in other areas. Housing Rehabilitation/New Construction Standards: All housing rehabilitated through the NSP3 must meet the standards of the Homebuyer Assistance Program Minimum Housing Standards Checklist. The Checklist exceeds the Section 8 guidelines and the Building Code. All gut rehabilitation or new construction (i.e., general replacement of the interior of a building that may or may not include changes to structural elements such as flooring systems, columns or load bearing interior or exterior walls) of residental buildings up to three stories will be designed to meet the standard for Energy Star Qualified New Homes. All gut rehabilitation or new construction of mid- or high-rise multifamily housing will be designed to meet American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE) Standard 90.1-2004, Appendix G plus 20 percent (which is the Energy Star standard for multifamily buildings piloted by the Environmental Protection Agency and the Department of Energy). Other rehabilitation will meet these standards to the extent applicable to the rehabilitation work undertaken, e.g., replace older obsolete products and appliances (such as windows, doors, lighting, hot water heaters, furnances, boilers, air conditioning units, refrigerators, clothes washers and dishwashers) with Energy Star-46 labeled products. Water efficient toilets, showers, and faucets, such as those with the WaterSense label, will be installed. The housing will be built to mitigate hurricanes, such as the installation of windows, doors and garage doors in wind mitigation zones that meet the State wind standards. Vicinity Hiring: NSP3 requires a preference for vendors that are located in the target area for hiring. will meet these requirements with the following actions: 1. All contracts with vendors will strongly recommend the use of vicinity area vendors as subcontractors. 2. Information sessions will be held with local vendors to notify them about NSP 3 hiring possibilities. 3. Projects that meet Section 3 thresholds will be required to attempt to hire employees from the Target Area. Procedures for Preferences for Affordable Rental Dev.: Not applicable - will not spend any of its NSP3 funds for rental housing. The neighborhood being assisted by these funds has been targeted by investors who have made this neighborhood, which is predominately single-family, a rental community, destabilizing the neighborhood. NSP1 and NSP2 funds are paying for rental housing in other areas. Grantee Contact Information: George Romagnoli, AICP, Manager, Community Development Division, 5640 Main Street, Suite 200, New Port Richey, FL 34652 Charlene Daprile, AICP, Assistant Manager, Community Development Division, 5640 Main Street, Suite 200, New Port Richey, FL 34652 Mary Bourdon, Accountant II, Community Development Division, 5640 Main Street, Suite 200, New Port Richey, FL 34652 Lisa Crenshaw, Senior Accounting Clerk, 5640 Main Street, Suite 200, New Port Richey, FL 34652 Overall Projected Budget from All Sources Budget Obligated Funds Drawdown Program Funds Drawdown Program Income Drawdown Program Income Received Funds Expended Match Contributed To Date $5,185,778.00 $5,185,778.00 $423,886.24 $1,061,171.13 $649,496.98 $1,061,171.13 $649,496.98 $1,060,904.31 $266.82 $266.82 $694,122.62 $1,061,171.13 3
Progress Toward Required Numeric Targets Requirement Required Overall Benefit Percentage (Projected) Overall Benefit Percentage (Actual) Minimum Non-Federal Match Limit on Public Services $777,866.70 Limit on Admin/Planning $518,577.80 Limit on State Admin To Date 0.00% 0.00% $64,060.00 $64,060.00 Progress Toward Activity Type Targets Activity Type Target Actual Administration $518,577.80 $500,000.00 Progress Toward National Objective Targets National Objective Target Actual NSP Only - LH - 25% Set-Aside $1,296,444.50 $1,622,000.00 Overall Progress Narrative: In the last quarter, six single-family homes were purchased under the NSP 3 program. Two more have been approved but has not as of yet closed. Seven rehabilitation contracts were signed, and 2 of these houses were sold to eligible homeowners.our nonprofit agency partners and the National Community Stabilization Trust continue to be valuable partners and are integral to the success of the NSP 3 program in. Project Summary Project #, Project Title To Date Program Funds Drawdown Project Funds Budgeted Program Funds Drawdown 525-Admin, Administration $43,711.97 $500,000.00 $64,060.00 526-POP LMMI, POP Acquisition and Rehab $225,519.88 $2,113,778.00 $548,555.80 526-POP L\I, POP Acquisition/Rehab $972,000.00 $39,014.15 527-Homebuyer LMMI, Homebuyer Assistance LMMI 527-Homebuyer L\I, Homebuyer Assistance Low-Income 528-Spec Needs, Spec Nds Hsg-Purchase Rehab $500,000.00 529-Demo, Demolition $118.35 $200,000.00 $1,482.89 530-New Construction LMMI, New Construction LMMI $380,146.78 $750,000.00 $407,791.47 530-New Construction L\I, New Construction L\I $150,000.00 4
Activities Grantee Activity Number: Activity Title: Activitiy Category: Administration Project Number: 525-Admin Projected Start Date: 05/01/2011 Benefit Type: National Objective: 525-Admin Administration Activity Status: Under Way Project Title: Administration Projected End Date: 04/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources Budget Obligated Funds Drawdown To Date $500,000.00 $500,000.00 $64,060.00 $64,060.00 Program Funds Drawdown $43,711.97 $64,060.00 Program Income Drawdown Program Income Received Funds Expended Jan 1 thru Mar 31, 2013 $40,456.54 $43,711.97 $35,273.69 $35,273.69 $64,060.00 $64,060.00 Match Contributed Activity Description: This activity will fund administrative requirements and expenses related to NSP including personnel costs, marketing, legal issues, monitoring costs, travel and training costs, application costs and office supplies. Location Description: Community Development Division 5640 Main Street, Suite 200, New Port Richey, FL 34652 Activity Progress Narrative: Continued funding for the administrative functions of the NSP-3 program. Accomplishments Performance Measures No Accomplishments Performance Measures found. 5
Beneficiaries Performance Measures No Beneficiaries Performance Measures found. Activity Locations No Activity Locations found. Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources Amount Neighborhood Stabilization Program 3 Other Funding Sources 6
Grantee Activity Number: Activity Title: 526-POP L\I POP Acquisition and Rehab Activitiy Category: Rehabilitation/reconstruction of residential structures Project Number: 526-POP L\I Projected Start Date: 05/01/2011 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LH - 25% Set-Aside Activity Status: Under Way Project Title: POP Acquisition/Rehab Projected End Date: 04/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources Budget Obligated Funds Drawdown To Date $972,000.00 $972,000.00 $39,280.97 $39,280.97 Program Funds Drawdown $39,014.15 Program Income Drawdown $266.82 Program Income Received Funds Expended Jan 1 thru Mar 31, 2013 $266.82 $38,678.82 $38,678.82 Match Contributed Activity Description: Through not-for-profit agency developers, properties will be purchased, rehabilitated and sold to eligible homebuyers. The agencies will find properties in the designated area. The properties will be inspected by County staff and a review will be conducted as to whether it is feasible for rehabilitation and financially feasible for acquisition. Once the property is acquired, County staff will assist the agency in rehabilitating the property. The agency will then sell the property to an eligible homebuyer who will receive homeownership assistance from the County. will lend to the agencies the NSP funds at an interest rate of 0% for 12 months, which can be renewed if the property is not completed and sold. When the property is sold, part of the debt will be assumed by the buyer, as their homeownership assistance. The buyer is responsible for finding a lender to finance the first mortgage. The house will be sold at a price less than what it cost for NSP to acquire and rehabilitate the property. The County assistance will eventually be re-paid to the County, and those funds will be used to produce other NSP 3 eligible projects, thus ensuring the continuation of affordable housing in the area. On all contracts, agencies and other vendors will be strongly counseled to use local vendors in the vicinity in subcontracts. will conduct an outreach campaign to contact those vendors and inform them about the program. If bids are obtained and a local vicinity contractor has the same bid as non-vicinity contractor, the vicinity contractor will be awarded the contract. Taking foreclosed and abandoned homes, rehabilitating them, and putting homeowners in these vacant homes will stabilize the market conditions in the neighborhood by decreasing the amount of blighted homes available. will not spend any of its NSP3 funds for rental housing. The neighborhood being assisted by these funds has been targeted by investors who have made this neighborhood, which is predominately single-family, a rental community, destabilizing the neighborhood. NSP1 and NSP2 funds are paying for rental housing in other areas. Location Description: Greater Elfers Neighborhood and New Port Richey Neighborhood Activity Progress Narrative: 7
Accomplishments Performance Measures # of Housing Units 0 # of Singlefamily Units 0 Cumulative Actual / Expected 1/12 1/12 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households 0 0 0 1/0 0/0 1/12 100.00 # Owner Households 0 0 0 1/0 0/0 1/12 100.00 Activity Locations No Activity Locations found. Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources No Other Funding Sources Found Other Funding Sources Amount 8
Grantee Activity Number: Activity Title: 526-POP LMMI POP Acquisition and Rehab LMMI Activitiy Category: Rehabilitation/reconstruction of residential structures Project Number: 526-POP LMMI Projected Start Date: 05/01/2011 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LMMI Activity Status: Under Way Project Title: POP Acquisition and Rehab Projected End Date: 04/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources Budget Obligated Funds Drawdown ($500,000.00) To Date $2,113,778.00 $2,113,778.00 $548,555.80 $548,555.80 Program Funds Drawdown $225,519.88 $548,555.80 Program Income Drawdown Program Income Received Funds Expended Jan 1 thru Mar 31, 2013 $225,519.88 $225,519.88 $319,860.02 $319,860.02 $549,157.95 $549,157.95 Match Contributed Activity Description: Through not-for-profit agency developers, properties will be purchased, rehabilitated and sold to eligible homebuyers. The agencies will find properties in the designated area. The properties will be inspected by County staff and a review will be conducted as to whether it is feasible for rehabilitation and financially feasible for acquisition. Once the property is acquired, County staff will assist the agency in rehabilitating the property. The agency will then sell the property to an eligible homebuyer who will receive homeownership assistance from the County. will lend to the agencies the NSP funds at an interest rate of 0% for 12 months, which can be renewed if the property is not completed and sold. When the property is sold, part of the debt will be assumed by the buyer, as their homeownership assistance. The buyer is responsible for finding a lender to finance the first mortgage. The house will be sold at a price less than what it cost for NSP to acquire and rehabilitate the property. The County assistance will eventually be re-paid to the County, and those funds will be used to produce other NSP 3 eligible projects, thus ensuring the continuation of affordable housing in the area. On all contracts, agencies and other vendors will be strongly counseled to use local vendors in the vicinity in subcontracts. will conduct an outreach campaign to contact those vendors and inform them about the program. If bids are obtained and a local vicinity contractor has the same bid as non-vicinity contractor, the vicinity contractor will be awarded the contract. Taking foreclosed and abandoned homes, rehabilitating them, and putting homeowners in these vacant homes will stabilize the market conditions in the neighborhood by decreasing the amount of blighted homes available. will not spend any of its NSP3 funds for rental housing. The neighborhood being assisted by these funds has been targeted by investors who have made this neighborhood, which is predominately single-family, a rental community, destabilizing the neighborhood. NSP1 and NSP2 funds are paying for rental housing in other areas. Location Description: Greater Elfers Neighborhood and New Port Richey Neighborhood Activity Progress Narrative: 9
Continued progress on rehabilitation and reconstruction projects. One property sold during the period. Accomplishments Performance Measures # of Housing Units 1 # of Singlefamily Units 1 Cumulative Actual / Expected 1/32 1/32 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households 0 1 1 0/0 1/0 1/32 100.00 # Owner Households 0 1 1 0/0 1/0 1/32 100.00 Activity Locations Address City County State Zip 4131 Wiggins Dr New Port Richey Florida 34652-5954 Status / Accept Match / Y Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources No Other Funding Sources Found Other Funding Sources Amount 10
Grantee Activity Number: Activity Title: 527-Homebuyer L\I Homebuyer Assistance Low-Income Activitiy Category: Homeownership Assistance to low- and moderate-income Project Number: 527-Homebuyer L\I Projected Start Date: 05/01/2011 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LH - 25% Set-Aside Activity Status: Under Way Project Title: Homebuyer Assistance Low-Income Projected End Date: 04/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources Budget Obligated Funds Drawdown ($175,000.00) To Date Program Funds Drawdown Program Income Drawdown Program Income Received Funds Expended Jan 1 thru Mar 31, 2013 Match Contributed Activity Description: NSP3 will provide homeownership and rehabilitation assistance to homebuyers purchasing eligible properties in the NSP3 area. The homebuyers will find properties in the area designated. The properties will be inspected by County staff and a review will be made as to whether it is feasible for rehabilitation and financially feasible for acquisition. The application for the homebuyer shall come through an approved lender. Once the property is acquired, County staff will assist the homebuyer in rehabilitating the property. will lend to the homebuyer the NSP funds at an interest rate of 0%. Payments will either begin immediately or five years after purchase, depending on the homebuyer's ability to pay. The County assistance will eventually be re-paid to the County, and those funds will be used to produce other NSP3 eligible projects, thus ensuring the continuance of affordable housing in the area. On all contracts, the homebuyers will be strongly counseled to use local vendors in the vicinity in subcontracts. will conduct an outreach campaign to contact those vendors and inform them about the program. Taking foreclosed and abandoned homes, rehabilitating them, and putting homeowners in these vacant homes will stabilize the market conditions in the neighborhoods by decreasing the amount of blighted homes available. will not spend any of its NSP3 funds for rental housing. The neighborhood being assisted by these funds has been targeted by investors who have made this neighborhood, which is predominately single-family, a rental community, destabilizing the neighborhood. NSP1 and NSP2 funds are paying for rental housing in other areas. Location Description: Greater Elfers Neighborhood Activity Progress Narrative: 11
Accomplishments Performance Measures # of Housing Units 0 # of Singlefamily Units 0 Cumulative Actual / Expected 0/3 0/3 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households 0 0 0 0/0 0/0 0/3 0 # Owner Households 0 0 0 0/0 0/0 0/3 0 Activity Locations No Activity Locations found. Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources No Other Funding Sources Found Other Funding Sources Amount 12
Grantee Activity Number: Activity Title: 527-Homebuyer LMMI Homebuyer Assistance LMMI Activitiy Category: Homeownership Assistance to low- and moderate-income Project Number: 527-Homebuyer LMMI Projected Start Date: 05/01/2011 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LMMI Activity Status: Under Way Project Title: Homebuyer Assistance LMMI Projected End Date: 04/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources Budget Obligated Funds Drawdown ($325,000.00) To Date Program Funds Drawdown Program Income Drawdown Program Income Received Funds Expended Jan 1 thru Mar 31, 2013 Match Contributed Activity Description: NSP3 will provide homeownership and rehabilitation assistance to homebuyers purchasing eligible properties in the NSP3 area. The homebuyers will find properties in the area designated. The properties will be inspected by County staff and a review will be made as to whether it is feasible for rehabilitation and financially feasible for acquisition. The application for the homebuyer shall come through an approved lender. Once the property is acquired, County staff will assist the homebuyer in rehabilitating the property. will lend to the homebuyer the NSP funds at an interest rate of 0%. Payments will either begin immediately or five years after purchase, depending on the homebuyer's ability to pay. The County assistance will eventually be re-paid to the County, and those funds will be used to produce other NSP3 eligible projects, thus ensuring the continuance of affordable housing in the area. On all contracts, the homebuyers will be strongly counseled to use local vendors in the vicinity in subcontracts. will conduct an outreach campaign to contact those vendors and inform them about the program. Taking foreclosed and abandoned homes, rehabilitating them, and putting homeowners in these vacant homes will stabilize the market conditions in the neighborhoods by decreasing the amount of blighted homes available. will not spend any of its NSP3 funds for rental housing. The neighborhood being assisted by these funds has been targeted by investors who have made this neighborhood, which is predominately single-family, a rental community, destabilizing the neighborhood. NSP1 and NSP2 funds are paying for rental housing in other areas. Location Description: Greater Elfers Neighborhood Activity Progress Narrative: 13
Accomplishments Performance Measures # of Housing Units 0 # of Singlefamily Units 0 Cumulative Actual / Expected 0/7 0/7 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households 0 0 0 0/0 0/0 0/7 0 # Owner Households 0 0 0 0/0 0/0 0/7 0 Activity Locations No Activity Locations found. Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources No Other Funding Sources Found Other Funding Sources Amount 14
Grantee Activity Number: Activity Title: 528 L/I 528 Spec Nds Hsg-Purchase-Rehab Activitiy Category: Rehabilitation/reconstruction of residential structures Project Number: 528-Spec Needs Projected Start Date: 01/04/2013 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LH - 25% Set-Aside Activity Status: Under Way Project Title: Spec Nds Hsg-Purchase Rehab Projected End Date: 05/04/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources Budget Obligated Funds Drawdown $500,000.00 To Date $500,000.00 $500,000.00 Program Funds Drawdown Program Income Drawdown Program Income Received Funds Expended Jan 1 thru Mar 31, 2013 Match Contributed Activity Description: This program will provide for the rehabilitation of units acquired for not-for-profit agencies by under the Special Needs Housing Program. Units will be titled to the agency for the exclusive use of the presumed benefit population. Pasco County will hold a note and mortgage on the property for 50 years. Rehabilitation funds will be paid directly to the contractor by. Location Description: The Greater Elfers Neighborhood and the New Port Richey Neighborhood Census Tract 314.01 Activity Progress Narrative: Accomplishments Performance Measures # of Properties 0 #Energy Star Replacement Windows 0 #High efficiency heating plants 0 #Efficient AC added/replaced 0 Cumulative Actual / Expected 0/1 15
#Replaced thermostats 0 #Light Fixtures (indoors) replaced 0 #Light fixtures (outdoors) replaced 0 #Refrigerators replaced 0 #Dishwashers replaced 0 #Low flow toilets 0 #Units with bus/rail access 0 # of Housing Units 0 # of Multifamily Units 0 # of Singlefamily Units 0 Cumulative Actual / Expected 0/0 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households 0 0 0 0/0 0 # Owner Households 0 0 0 0/0 0/0 0/0 0 # Renter Households 0 0 0 0/0 0 Activity Locations No Activity Locations found. Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources No Other Funding Sources Found Other Funding Sources Amount 16
Grantee Activity Number: Activity Title: Activitiy Category: Clearance and Demolition Project Number: 529-Demo Projected Start Date: 05/01/2011 Benefit Type: Area Benefit (Census) National Objective: NSP Only - LMMI 529-Demo Demolition Program Activity Status: Under Way Project Title: Demolition Projected End Date: 04/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources Budget Obligated Funds Drawdown To Date $200,000.00 $200,000.00 $1,482.89 $1,482.89 Program Funds Drawdown $118.35 $1,482.89 Program Income Drawdown Program Income Received Funds Expended Jan 1 thru Mar 31, 2013 $118.35 $118.35 $83.77 $83.77 $1,482.89 $1,482.89 Match Contributed Activity Description: will demolish strucutres that meet the definition of blighted. The properties that have blighted structures demolished will have liens placed on the property. If the liens are not paid by the property owner, the County will foreclose on the lien and a new home will be constructed on the site. On all contracts, will endeavor to use local vendors in the vicinity. will conduct an outreach campaign to contact those vendors and inform them about the program. If bids are obtained and a local vicinity contractor has the same bid as non-vicinity contractor, the vicinity contractor will be awarded the contract. Demolishing these buildings will remove eyesores from the neighborhood and improve the market conditions of the existing buildings in the area. will not spend any of its NSP3 funds for rental housing. The neighborhood being assisted by these funds has been targeted by investors who have made this neighborhood, which is predominately single-family, a rental community, destabilizing the neighborhood. NSP1 and NSP2 funds are paying for rental housing in other areas. Location Description: The Greater Elfers Neighborhoodand the New Port Richey Neighborhood will be the site of all demolition activities. Activity Progress Narrative: Accomplishments Performance Measures Cumulative Actual / Expected 17
# of Properties 0 0/20 # of Housing Units 0 # of Singlefamily Units 0 Cumulative Actual / Expected 0/20 0/20 Beneficiaries Performance Measures No Beneficiaries Performance Measures found. Activity Locations No Activity Locations found. Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources No Other Funding Sources Found Other Funding Sources Amount 18
Grantee Activity Number: Activity Title: Activitiy Category: Construction of new housing Project Number: 530-New Construction L\I Projected Start Date: 05/01/2011 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LH - 25% Set-Aside 530-New Construction L\I New Construction L\I Activity Status: Under Way Project Title: New Construction L\I Projected End Date: 04/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources Budget Obligated Funds Drawdown To Date $150,000.00 $150,000.00 Program Funds Drawdown Program Income Drawdown Program Income Received Funds Expended Jan 1 thru Mar 31, 2013 Match Contributed Activity Description: will finance the construction of new homes in established subdivisions by not-for-profit developers. The agencies will find properties in the area designated. They will be inspected by County staff and a review will be made as to whether it is feasible for construciton and financially feasible for acquisition. Once the property is acquired, the not-for-profit developers will seek a builder that will construct a home to County standards (or, will build the home itself it is is a self-help housing agency, such as Habitat for Humanity). The County will work with the not-for-profit developer and the builder to make sure the home is build correctly. The agency will then sell the property to an eligible homebuyer, who will receive homeownership assistance from the County. will lend to the agencies the NSP funds at an interest rate of 0% for 12 months, which can be renewed if the property is completed and sold. When the property is sold, part of the debt will be assumed by the buyer which will be their assistance from the County in the purchase of the home. The buyer is responsible for finding a lender to finance the first mortgage. The house will be sold at a price less than what it costs for NSP to acquire and build the property. For self-help agencies, the County may finance the entire amount. The County assistance will eventually be re-paid to the County, and those funds will be used to produce other NSP3 eligible projects, thus ensuring the continuation of affordable housing in the area. On all contracts, agencies and other vendors will be strongly counseled to use local vendors in the vicinity in subcontracts. Pasco County will conduct an outreach campaign to contact those vendors and inform them about the program. If bids are obtained and a local vicinity contractor has the same bid as non-vicinity contractor, the vicinity contractor will be awarded the contract. Taking vacant property eyesores and building new homes on those sites, will stabilize the market conditions in the neighborhoods by decreasing these vacant blighted properties that destabilize neighborhoods by making those neighborhoods unattractive. will not spend any of its NSP3 funds for rental housing. The neighborhood being assisted by these funds has been targeted by investors who have made this neighborhood, which is predominately single-family, a rental community, destabilizing the neighborhood. NSP1 and NSP2 funds are paying for rental housing in other areas. Location Description: Greater Elfers Neighborhood and New Port Richey Neighborhood 19
Activity Progress Narrative: Accomplishments Performance Measures # of Housing Units 0 # of Singlefamily Units 0 Cumulative Actual / Expected 0/1 0/1 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households 0 0 0 0/0 0/0 0/1 0 # Owner Households 0 0 0 0/0 0/0 0/1 0 Activity Locations No Activity Locations found. Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources No Other Funding Sources Found Other Funding Sources Amount 20
Grantee Activity Number: Activity Title: Activitiy Category: Construction of new housing Project Number: 530-New Construction LMMI Projected Start Date: 05/01/2011 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LMMI 530-New Construction LMMI New Construction LMMI Activity Status: Under Way Project Title: New Construction LMMI Projected End Date: 04/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources Budget Obligated Funds Drawdown $500,000.00 To Date $750,000.00 $750,000.00 $407,791.47 $407,791.47 Program Funds Drawdown $380,146.78 $407,791.47 Program Income Drawdown Program Income Received Funds Expended Jan 1 thru Mar 31, 2013 $157,791.47 $380,146.78 $338,905.14 $338,905.14 $407,791.47 $407,791.47 Match Contributed Activity Description: will finance the construction of new homes in established subdivisions by not-for-profit developers. The agencies will find properties in the area designated. They will be inspected by County staff and a review will be made as to whether it is feasible for construciton and financially feasible for acquisition. Once the property is acquired, the not-for-profit developers will seek a builder that will construct a home to County standards (or, will build the home itself it is is a self-help housing agency, such as Habitat for Humanity). The County will work with the not-for-profit developer and the builder to make sure the home is build correctly. The agency will then sell the property to an eligible homebuyer, who will receive homeownership assistance from the County. will lend to the agencies the NSP funds at an interest rate of 0% for 12 months, which can be renewed if the property is completed and sold. When the property is sold, part of the debt will be assumed by the buyer which will be their assistance from the County in the purchase of the home. The buyer is responsible for finding a lender to finance the first mortgage. The house will be sold at a price less than what it costs for NSP to acquire and build the property. For self-help agencies, the County may finance the entire amount. The County assistance will eventually be re-paid to the County, and those funds will be used to produce other NSP3 eligible projects, thus ensuring the continuation of affordable housing in the area. On all contracts, agencies and other vendors will be strongly counseled to use local vendors in the vicinity in subcontracts. Pasco County will conduct an outreach campaign to contact those vendors and inform them about the program. If bids are obtained and a local vicinity contractor has the same bid as non-vicinity contractor, the vicinity contractor will be awarded the contract. Taking vacant property eyesores and building new homes on those sites, will stabilize the market conditions in the neighborhoods by decreasing these vacant blighted properties that destabilize neighborhoods by making those neighborhoods unattractive. will not spend any of its NSP3 funds for rental housing. The neighborhood being assisted by these funds has been targeted by investors who have made this neighborhood, which is predominately single-family, a rental community, destabilizing the neighborhood. NSP1 and NSP2 funds are paying for rental housing in other areas. Location Description: Greater Elfers Neighborhood and New Port Richey area 21
Activity Progress Narrative: Construction continued to grow and substantive progress has been made during the quarter on New Construction projects. This includes a multiple housing unit project underway in New Port Richey. Accomplishments Performance Measures # of Housing Units 0 # of Singlefamily Units 0 Cumulative Actual / Expected 0/3 0/3 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households 0 0 0 0/0 0/0 0/3 0 # Owner Households 0 0 0 0/0 0/0 0/3 0 Activity Locations No Activity Locations found. Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources No Other Funding Sources Found Other Funding Sources Amount 22